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Audi set to buy Ducati for $1.1 billion

News wire reports in Europe on Tuesday said Audi is poised to buy Ialian motorcycle maker Ducati from owner Investindustrial for about $1.1 billion (860 million euros). Audi has reached an agreement with Investindustrial to buy the maker of luxury motorbikes, with VW's supervisory board set to approve the deal on Wednesday, said a person familiar with the details, who declined to be identified discussing the private negotiations. Audi and Investindustrial declined to comment.

Ford Iosis X concept

With an abundance of small SUVs entering the European market, Ford has been conspicuously absent from this segment, something that the Iosis X will hope to quell. Using the same 'kinetic design' theme as the Iosis concept from last year, the Iosis X puts a coupe-like window graphic and roofline upon thick sills, similar in this respect to the Opel Antara concept. But while Opel will have their model on the road imminently, those wanting the Ford equivalent will have to wait until early 2008 for the forms to be toned down and put in showrooms.

Shelby American celebrates the GT350's anniversary with a modern Mustang

Shelby American is marking the 45th anniversary of the legendary Shelby GT350 Mustang with a new version, designed for Ford's new 5.0-liter V8 in the 2011 Mustang. For those willing to plunk down $33,995--plus the cost of a new Mustang--the team at Shelby American in Las Vegas will crank out a modernized GT350. On the outside, that calls for white paint with the blue racing stripes down the center of the hood, roof and deck.